SR 05:171 - Laserfiche WebLink

PART III. LAUREL CREEK ESTATES GEOLOGIC HAZARD ABATEMENT DISTRICT METHOD USED IN FORMULATING ASSESSMENTS A geologic hazard abatement district ("GHAD") is essentially a benefit assessment district. The proposed estimated assessments set forth in Part I above are based on the fact that the GHAD is comprised of residential land uses (61 single-family residential lots in Tract 6400, 39 single family residential lots in Tract 6590, 7 single- family residential lots in Tract 7045, and 12 single family residential lots in Tract 6951'), the City owned water reservoir sites (2), and the remaining open space parcels Tract 6400, Parcels A. B, D, F, G, I, N & O, Tract 6590, Parcels A & B, and Tract 7045, Parcel A, and Tract 6951, Parcels B, D & E with each such lot, other than the open space parcels, sharing a similar amount of risk and benefit. For the purpose of formulating GHAD assessments, the benefits and burdens of the GHAD have been assessed equally to the 107 residential lots and City water reservoir sites (2). The total proposed budget for the fiscal year of the District (200.~-06), in the amount of $33,463, is allocated to the 107 residential lots and to the City owned water reservoir sites (2). * The 12 Kolb Ranch Estates lots annexed to Laurel Creek GHAD will begin to be assessed once the Public Improvements are accepted, the fzrst certificate of occupancy is issued, or two years after the filing of the final map, whichever occurs frrst.